I don't have anything against Gmaxwell, but comments like this point out that bitcoin is nothing more than a technocratic dictatorship:
Quote: "the 2MB from segwit is more than enough for current loads"
How can you even claim something is "decentralized" when people speak like this in the demeanor of a central planner in Beijing? Yea yea, we've heard the "only rocket scientists should be allowed to design the rockets" meme before, but there's no reason anyone should willfully submit themselves to a technocracy when you can live as a free man with no ruler and just use gold and silver instead. Bitcoin is a step BACKWARDS in freedom, not forwards.
Centralized mining, centralized development, price based on artificial scarcity of coin count, fee system that doesn't work without artificial scarcity of block size. The whole thing is honestly a complete joke compared to metals. If anything is based around magic numbers and artificial scarcity, any price above zero is also going to be artificial.
Promoting that everyone on earth use the same artificially scaling constrained coin is also an extreme pro-usury stance since it's inevitable fees would be astronomical (LN doesn't work in a decentralized manner either to fix that). The only way to fix it would be a dynamic block size like Monero, but then people would just pile onto it and it would cease functioning and implode anyway. There are no solutions to any of this stuff. All roads in digital currency lead to a huge step backwards from gold and silver in terms of sound money and freedom.
I am triggered.
It bothers me too, you're not alone... :D
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There are good arguments why metals should not be our currency again. Mainly because the industry needs them. I think even most crypto people would agree that metals are saver than crypto, but metalsdid not get rid off the banks, BTC might do that for us.
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Quite the opposite. Artificially rigging the price of metals to cost of production via naked shorts only makes us run out of them sooner. So if you actually think they're important, you should probably allow them to rise to their REAL VALUE.
You have people claiming there's only 15 years of zinc and 20 years of silver mining left, so your argument doesn't make much sense when they're using an even more depleted element in PENNIES of all things which people just throw away.
We live on a finite world so there's no reason to put up with this infinite growth meme nonsense anymore either. The only reason infinite growth is pushed is because debt based currencies collapse without it. I'm all for the fuckers collapsing. And collapse they will since working age demographics have peaked in every nation that matters and EROI is also collapsing = growth is over.
And what kind of ridiculous nonsense is it claiming "industry needs low price metals" LOL. We all know that's complete bullshit and metals are suppressed because they're the #1 competitor to the debt based scam dollar. It has JACK SHIT to do with industry. You can't force people to use a debt based scam currency without trying to sabotage the alternatives.
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Great points. The metals are "humorously" suppressed at leverage ratios of over 100:1.
In a word: rehypothecation.
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Lol, you dont have to convince me that infinite growth is a meme. I am german, we never believed that american nonsense, but they are ruling us, so we have to obey their bs.
To be honest I never looked too much into the possibility of bringing metal-value based currency back, but I always welcomed the idea.
I just tried to give you the first best counter I could think of, but I guess this is not your first metal vs crypto ride.
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Hmmm
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This is definitely one reason why I prefer Bitcoin Cash, at least for the moment.
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